Futu News, August 21: Hong Kong stocks continued yesterday's decline, with the three major indices almost erasing the previous two days of strong gains. As of the midday break, the Heng Seng Tech Index fell 3.4% at one point, closing down 2.05% at midday. The Hang Seng Index and the China Enterprise Index fell 0.95% and 1.2% respectively.
At the midday close, there were 522 gainers, 1,011 decliners, and 1,529 unchanged stocks in the Hong Kong stock market.
In terms of sectors, network technology stocks generally fell, with Tencent Holdings up 0.59%, Meituan down 0.28%, Alibaba down 1.18%, Netease down 1.41%, Baidu Group down 1.79%, JD.com down 10.25%, and Kuaishou down 10.02%.
Apple concept stocks rose, with Sunny Optical up 9.24%, Cowell Electronics up 4.88%, AAC Tech up 3.62%, FIH up 1.22%, and BYD Electronic up 0.84%.
Most gold stocks rose, with Shandong Gold up 3.27%, Zhaojin Mining up 2.75%, Lingbao Gold up 3.25%, and China Gold International up 0.72%.
Telecommunication services rose across the board, with China Telecom up 2.63%, China Mobile up 0.47%, and China Unicom up 0.30%.
Lithium battery concept stocks rose, with Ganfeng Lithium up 4.76%, Tianqi Lithium Corporation up 3.41%, Contemporary Amperex Technology up 1.30%, and BYD Electronic up 1.18%.
Automobile stocks fell across the board, with Brilliance China down 5.01%, NIO down 3.47%, Geely Auto down 2.03%, Xpeng down 1.81%, and Li Auto down 0.87%.
In terms of individual stocks,$SUNNY OPTICAL (02382.HK)$Rising more than 9%, the net profit in the first half of the year increased by 1.47 times year-on-year. The shipment volume of the group's mobile camera modules increased by about 13.5% year-on-year to 0.289 billion units.
$TONGCHENGTRAVEL (00780.HK)$Rising nearly 10%, Q2 revenue reached 4.25 billion yuan, reaching a new high. The net profit in the first half of the year increased by 13.15% year-on-year.
$POP MART (09992.HK)$Rising more than 7% against the market trend, the revenue in the first half of the year increased by more than 60% year-on-year, maintaining a high-speed development trend in both domestic and international markets.
$GANFENGLITHIUM (01772.HK)$Rising more than 3%, institutions believe that the marginal improvement in the supply and demand of lithium carbonate, driven by long funds, has led to an oversold rebound in the lithium carbonate sector.
$YANKUANG ENERGY (01171.HK)$ Against the trend, it rose nearly 3%, with a net profit of 3.812 billion yuan in the second quarter, a quarterly increase of 1.46%.
$SMOORE INTL (06969.HK)$ Rising more than 3%, the net profit for the first half of the year was lower than market expectations, but there are still key factors for the improvement of sales.
$CHINA TELECOM (00728.HK)$Rising more than 2%, the net profit in the first half of the year exceeded expectations, with a year-on-year growth of 8.2% and an increased dividend of 16.71 points.
$YANCOAL AUS (03668.HK)$With a further decline of more than 4%, the company's mid-term performance is worse than expected and no dividends will be distributed. Institutions speculate that the company may have intentions for merger and acquisition.
$KUAISHOU-W (01024.HK)$With a decline of more than 10%, the growth rate of GMV in the second quarter has slowed down. The average monthly active users in the second quarter was 0.6918 billion, which is lower than market expectations.
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Editor/ping